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Home Buying in Wilton : Real Estate Advice

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  • Local Info2
  • Home Buying8
  • Home Selling0
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Activity 8
Wed Apr 3, 2013
Babita Singh answered:
Hi Uma,
Rock in a basement might have issue for the future buyers. If you have checked RADON and there is NO WATER ISSUE then you can cover it at least from 3 sides so it will become a bench for a sitting area ( i believe the rock is in the corner or at least towards wall ).
I can check in your house whenever you have chance.
Call me my cell is 203-685-4457.
Thanks,
Babita
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0 votes 3 answers Share Flag
Wed Oct 24, 2012
Minna Reid answered:
The listing price should not determine your offer amount. You should write an offer based in the market value of the home. Your Realtor can run a CMA and advise you.
0 votes 2 answers Share Flag
Wed Oct 17, 2012
Annmarie Del Franco, Broker answered:
Hi Sally,
Great question, thank you. This is a Petticoat Junction Train Station that offer FREE parking. There are about 140 spaces in total and I have never seen the lot full. As far as safety Wilton is a town not a city. I would be happy to offer you a "live" tour or advise you when I will be hosting my next open house. The house itself in completely move-in condition with fabulous updates and tremendous privacy yet just minutes to town center. Please feel free to call me on my cell 203-240-5877 or email me directly at annmarie@askagent99.com ... more
0 votes 1 answer Share Flag
Tue Feb 21, 2012
Lisa Jones answered:
Hi Suzanne,
I am a Wilton resident and agent here....welcome to the home buying process here in Wilton.The answer below is correct....in Fairfield County (including Wilton), the actual Sales Contract is drafted by the seller's attorney and sent to buyer's attorney for buyer to sign first.
In sales from Bridgeport and points North the real estate brokerages actually use a standard sales contract and provide it in the same order.
In either case the parties would have already come to mutually agreeable terms in either a Binder or a Terms of Purchase and Sales agreement. Home insection issues and certain other non-standard items can either be resolved, or remain contingent, in the final sales contract.
I hope this is helpful!
If you are need of any professional real estate services, and are not currently under a written agreement with a Realtor, I would be happy to be of further assistance!
Sincerely,
Lisa
Realtor Lisa Jones, GREEN, ICREA, CIPS
Golden Key Achiever, over $50Million in recent residential sales!
HIGGINS GROUP
203-218-6664 Cell
203-529-3065 Private Fax
Email: LJones@HigginsGroup.com
Agent Webpage: http://higginsgroup.com/agent/109-lisa-jones/?p=1&search=first&q=lisa
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Fri Oct 14, 2011
Richard Breglia answered:
Maybe people are forgetting something? Houses go into foreclosure for lack of payment by the borrower. Not because they are underwater although thats the case in most instances. People can stop making payments for numerous reasons and still have equity in the house. Loss of job, loss of income, insufficient credit score or income to refinance and lower their payment, etc.. I work with bank owned properties and as weird as it might sound sometimes banks get more then what is owed. It depends on the market value of the house more so then what the mortgage owed is? I would have a agent do a BPO and come up with a value range for the property. If it comes in the range and you want the house then offereing full price might make sense. Others will try for a discounted price and will usually be outbid unless the house is undesirable to most other buyers. I call those buyers dreamers. They run around low balling bank owned properties and never get to buy one. ... more
0 votes 7 answers Share Flag
Wed Mar 23, 2011
Lisa Jones answered:
Dear Kit,
I missed your question a while back and the answer is as follows; my colleague below was right to say revaluation take place every 10 years, but the entire answer has more parts. Revaluation is compulsory at the town level, by the state, every 10 years, but most towns do it every 5 years. It is never done at the time of closing, only when new construction title passes creating a new property on the town roster. Also you used the term appraised at $1.1M...by whom? The town "assesses" which is 70% of the towns projected fair market value. In lower Fairfield County there is little correlation between assessed values and selling prices...to give yourself some added comfort, take a look at other homes which have recently sold in the $2M range and see what their town assessed values were at closing...you are likely in good company!
Call me anytime for professional real estate services,
Lisa Jones
203-218-6664
... more
1 vote 4 answers Share Flag
Thu Sep 9, 2010
Ninfa Valella answered:
Speak to our mortgage officer in the Wilton office - Michael Lubell at 203-515-6539 there is no obligation and he would be happy to answer any of your questions.
Hope this helps.
0 votes 3 answers Share Flag
Wed Jun 10, 2009
Don Fabrizio-Garcia answered:
Typically, when banks are selling homes they have foreclosed on, they seek to sell for at or just a bit below current market value. The banks, when listing their foreclosed properties for sale, have already received multiple appraisals on the property, so they are aware of the current value.

The existing loan amount is not taken into consideration.
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